KARACHI: National Bank of Pakistan (NBP) and Bank of China Pakistan Operations (BOCP) signed a MoU to promote banking services in the country. The MoU will focus on developing niches and creating synergies between the two institutions. The MoU will strengthen the ironclad brotherhood between the two nations.
The MoU was signed by Saeed Ahmad, President and CEO, NBP and Dr Tao Li, Country Head & CEO BOCP. Also present on the occasion were Rehmat Ali Hasnie, Group Chief - Investment Banking, Syed Jamal Baquar, Group Chief Corporate Banking, Shaikh Tariq Abdullah, Divisional Head Financial Institutions, Muhammad Ahmed, Unit Head FI, Danish Saeed Khan, Senior Relationship Manager FI, Sheikh Raheel Ahmed, Relationship Manager - FIfrom NBP and Yin Xiaohu, Deputy CEO, Sun Hui, Head of Business Development Dept, Sun Youcheng, Deputy Head of Business Development Dept & Talha Rizwan Relationship Manager, Financial Institutions from BOCP.
Saeed Ahmad, congratulated the management of BOC and said, “Both institutions have developed a strong mutually beneficial relationship and are willing to extend the bilateral cooperation. NBP believes that this MoU will further extend cooperation in the areas of trade finance, cash management and international transactions, corporate lending and project financing, infrastructure financing, investment banking and various other fields.”
Dr Li expressed his pleasure to be a part of this memorable event, and stated that Bank of China has a long standing working relationship with NBP. It is the first MoU which BOCP has signed with any bank of Pakistan. Bank of China is one of the world’s largest banks with total assets of more than US 2.9 trillion. NBP is amongst the largest financial institution in the country with 1,456 branches in Pakistan and presence in 19 countries around the globe. Both sides believe that the cooperation will lead to a win-win situation to the two banks and the two nations. PR